RBI – All Agency Banks to Remain Open for Public on March 31.3.2019 (Sunday)

RBI – All Agency Banks to Remain Open for Public on March 31.3.2019 (Sunday)

“Reserve Bank of India Press Release – RBI Offices and all designated branches of agency banks conducting government banking business will keep their counters open up to 8.00 p.m. on March 30, 2019 and upto 6.00 p.m. on March 31, 2019”

RESERVE BANK OF INDIA
Website: www.rbi.org.in

Date : Mar 28, 2019

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2018-19)

With a view to providing greater convenience to tax payers, as in previous years, it has been decided that RBI Offices and all designated branches of agency banks conducting government banking business will keep their counters open up to 8.00 p.m. on March 30, 2019 and upto 6.00 p.m. on March 31, 2019; electronic transactions can be done till the stipulated time on both the days.

In order to facilitate Government receipts and payments, necessary arrangements have also been made to conduct special clearing operations across the country. Centralised payment systems such as the RTGS and NEFT will also be operational with extended business hours. Separate broadcast message will be issued through the respective systems indicating the extended time window to the participating banks.

As far as April 1, 2019 is concerned, since it has been declared as a holiday to enable the banks to close their yearly accounts, although RBI offices will work on that day, centralised payment systems such as the RTGS and NEFT will not be operational on that day.

All Agency Banks to remain open for public on March 31, 2019 (Sunday)

Press Release : 2018-2019/2308

Ajit Prasad
Assistant Adviser

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RESERVE BANK OF INDIA
www.rbi.org.in

RBI/2018-19/150

DBR.No.Leg.BC.30/09.07.005/2018-19

March 26, 2019

All Agency Banks

Dear Sir/ Madam

All Agency Banks to remain open for public on March 31, 2019 (Sunday)

The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions. Accordingly, all Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2019 (Sunday).

2. Banks shall give due publicity about availability of above banking services on this day.